USDJPY Daily Analysis – September 4, 2018

USDJPY remains in the downtrend from 111.82, the bounce from 110.68 is likely consolidation of the downtrend. A breakdown below 110.68 support could take the price towards 110.00 area. Near term resistance is at 110.30, only a break of this level could bring the price back towards 111.82 resistance.

USDJPY 4-hour chart